Singapore shares open higher on Friday

$FTSE Singapore Straits Time Index(.STI.SG)$ rose 4.64 points or 0.2 per cent to 3,192.3. Across the broader market, gainers outnumbered losers 54 to 44 after 39.7 million securities worth S$69.8 million changed hands.

$ThaiBev(Y92.SG)$ was the most heavily traded counter by volume. It remained unchanged at S$0.48, after 4.8 million securities were transacted.

Other counters that were briskly transacted included $Seatrium(S51.SG)$ which traded flat at S$0.076 after 4.3 million shares changed hands, and $Genting Sing(G13.SG)$ which climbed 1.1 per cent or S$0.01 to S$0.94 after 2.1 million shares were traded.

On Wall Street, stocks largely finished lower on Thursday after another bumpy session. This was amid climbing US Treasury bond yields, which mirrored fading hopes towards a switch in the Federal Reserve’s monetary policy. The tech-heavy $Nasdaq Composite Index(.IXIC.US)$ fell 0.5 per cent to 15,601.5, and the broad-based $S&P 500 Index(.SPX.US)$ declined 0.2 per cent to 5,011.12. $Dow Jones Industrial Average(.DJI.US)$ eked out a gain of 0.1 per cent to 37,775.38.